DCF Tool


Fabrinet – Electronic Computer Manufacturing
fabrinet is the trusted manufacturing partner of the world’s most demanding oems. we offer a full range of services. we provide complex optical and electro-mechanical components, modules, and bulk optics. these components serve the markets of data communications, telecommunications, networking, medical devices, and automotive technologies. our customers are top-tier oems. we provide our customers with a seamless transition from a product’s prototype through its final production. we offer full support for testing and process development. we also support design for manufacturing and a full-turnkey supply chain. this allows us to help with the development and continuous improvement of a product. our services come with fabrinet’s focus on quality, flexibility, and competitiveness, all of which we tailor to match the unique needs of our customers. we are hiring the following positions: general manager qa director quality manager operation manager engineering manager program coordination man
Analysis Results
Intrinsic Value $776.52
Latest Price $165.00
Relative Value 79% undervalued
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Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 25.6%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 4.1%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 25.6%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2024 0.428 0.411
2025 0.537 0.496
2026 0.675 0.598
2027 0.848 0.722
2028 1.07 0.871
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 32.0 billion. This corresponds to a present value of 25.1 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 3.1 billion. Adding in the terminal value gives a total present value of 28.2 billion.

There are presently 36.3 million outstanding shares, so the intrinsic value per share is 776.52.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,652,540,000
Current Cash 550,468,000
Current Liabilities 481,885,000
Current Debt 12,156,000
Non-Cash Working Capital (NCWC) 632,343,000
Change in NCWC 111,646,000
EBIT 258,600,000
Tax Provision 12,183,000
Depreciation and Amortization 43,832,000
Capital Expenditure -62,271,000
Unlevered Free Cash Flow 339,694,073
Current Assets 1,525,171,000
Current Cash 478,153,000
Current Liabilities 538,487,000
Current Debt 12,166,000
Non-Cash Working Capital (NCWC) 520,697,000
Change in NCWC 148,324,000
EBIT 204,653,000
Tax Provision 6,586,000
Depreciation and Amortization 38,738,000
Capital Expenditure -90,583,000
Unlevered Free Cash Flow 294,619,603
Current Assets 1,352,507,000
Current Cash 547,932,000
Current Liabilities 444,358,000
Current Debt 12,156,000
Non-Cash Working Capital (NCWC) 372,373,000
Change in NCWC 51,030,000
EBIT 150,796,000
Tax Provision 2,143,000
Depreciation and Amortization 36,252,000
Capital Expenditure -44,484,000
Unlevered Free Cash Flow 191,446,556
Current Assets 1,134,856,000
Current Cash 488,123,000
Current Liabilities 337,546,000
Current Debt 12,156,000
Non-Cash Working Capital (NCWC) 321,343,000
Change in NCWC 44,240,000
EBIT 117,731,000
Tax Provision 5,763,000
Depreciation and Amortization 31,383,000
Capital Expenditure -43,507,000
Unlevered Free Cash Flow 144,157,027
Current Assets 1,023,835,000
Current Cash 437,332,000
Current Liabilities 313,048,000
Current Debt 3,648,000
Non-Cash Working Capital (NCWC) 277,103,000
Change in NCWC 21,580,000
EBIT 124,157,000
Tax Provision 5,278,000
Depreciation and Amortization 30,536,000
Capital Expenditure -18,943,000
Unlevered Free Cash Flow 152,138,800
Current Assets 854,310,000
Current Cash 332,371,000
Current Liabilities 270,117,000
Current Debt 3,701,000
Non-Cash Working Capital (NCWC) 255,523,000
Change in NCWC 4,570,000
EBIT 95,600,000
Tax Provision 3,862,000
Depreciation and Amortization 29,593,000
Capital Expenditure -35,402,000
Unlevered Free Cash Flow 90,166,845
Current Assets 798,754,000
Current Cash 285,275,000
Current Liabilities 311,272,000
Current Debt 48,746,000
Non-Cash Working Capital (NCWC) 250,953,000
Change in NCWC 93,593,000
EBIT 105,834,000
Tax Provision 6,742,000
Depreciation and Amortization 23,986,000
Capital Expenditure -70,030,000
Unlevered Free Cash Flow 146,512,660
Current Assets 673,291,000
Current Cash 284,513,000
Current Liabilities 256,018,000
Current Debt 24,600,000
Non-Cash Working Capital (NCWC) 157,360,000
Change in NCWC 31,213,000
EBIT 69,770,000
Tax Provision 6,335,000
Depreciation and Amortization 18,155,000
Capital Expenditure -40,995,000
Unlevered Free Cash Flow 71,665,204
Current Assets 527,039,000
Current Cash 255,844,000
Current Liabilities 181,048,000
Current Debt 36,000,000
Non-Cash Working Capital (NCWC) 126,147,000
Change in NCWC 9,776,000
EBIT 48,313,000
Tax Provision 3,984,000
Depreciation and Amortization 12,947,000
Capital Expenditure -51,532,000
Unlevered Free Cash Flow 15,462,531
Current Assets 464,477,000
Current Cash 233,477,000
Current Liabilities 120,629,000
Current Debt 6,000,000
Non-Cash Working Capital (NCWC) 116,371,000
Change in NCWC 7,322,000
EBIT 46,569,000
Tax Provision 1,439,000
Depreciation and Amortization 10,658,000
Capital Expenditure -10,835,000
Unlevered Free Cash Flow 52,994,747
Current Assets 364,526,000
Current Cash 149,716,000
Current Liabilities 115,429,000
Current Debt 9,668,000
Non-Cash Working Capital (NCWC) 109,049,000
Change in NCWC 29,475,000
EBIT 45,631,000
Tax Provision 2,940,000
Depreciation and Amortization 10,211,000
Capital Expenditure -10,795,000
Unlevered Free Cash Flow 72,656,376
Current Assets 360,671,000
Current Cash 115,507,000
Current Liabilities 175,258,000
Current Debt 9,668,000
Non-Cash Working Capital (NCWC) 79,574,000
Change in NCWC -37,409,000
EBIT 38,448,000
Tax Provision -1,968,000
Depreciation and Amortization 9,713,000
Capital Expenditure -38,622,000
Unlevered Free Cash Flow -27,870,000

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